Hedge Fund Group Reveals 5 Percent Stake in Pathmark
STAMFORD, Conn. -- SAC Capital here said in an SEC filing that it holds a 5 percent stake, totaling 2.6 million shares, in the Carteret, N.J.-based Pathmark Stores Inc.
Pathmark currently operates 141 supermarkets in the New York-New Jersey and Philadelphia metro areas.
SAC Capital, a multibillion-dollar group of hedge funds, is run by Steven A. Cohen, who, along with his business partners, is the largest investor in the group.
Pathmark currently operates 141 supermarkets in the New York-New Jersey and Philadelphia metro areas.
SAC Capital, a multibillion-dollar group of hedge funds, is run by Steven A. Cohen, who, along with his business partners, is the largest investor in the group.